THE IRS EXPANDS IDENTITY PROTECTION PIN PROGRAM
By Nick Hopkins, CPA, CFP®
Partner, Director of Tax Services
At the start of the new year, the IRS will expand its Identity Protection PIN Opt-In Program nationwide to all taxpayers who can confirm their identity. Taxpayers with either a Social Security Number or Individual Tax Identification Number are eligible for an identity pretention PIN (IP PIN).
An IP PIN is a six-digit number assigned to eligible taxpayers that protects their Social Security number from being used to file fraudulent federal income tax returns. Through this number, the IRS can easily verify a taxpayer’s identity and securely accept their tax return.